Backed by a team of experienced professionals, Muscat City Desalination Company provides 42 million gallons of water to secure the needs of Oman’s capital city, Muscat. By providing water which is essential to life and to the rapid development of an urban city, the company is contributing to the socio-economic development of Oman.
Initial Public Offering of 54,442,640 Offer Shares at a price of Bzs 116 per Offer Share.
(Comprising a Nominal Value of Bzs 100, premium of Bzs 14 and Offer Expenses of Bz 2 per Offer Share)
Owner of Oman’s largest water plant contributing to ~24% of total water capacity in the Interconnected Zone
Strategic asset with proven desalination technology
Long term contracted Water Purchase Agreement until 2034 with the Government, ensuring stable and predictable cash flows
Strong & experienced promoters with an established track record